Nifty Levels & Strategy for 18/Oct/2022
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
NIFTY
Nifty has performed really well. Nifty as well as Bank Nifty range is slowly shifting in upward direction. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction & work level by level with strict stoploss.
We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 17/OCT/2022
NIFTY IS UP BY 126 POINTS
Name Price Previous Day Change % Change
Nifty 17312 17186 126.10 0.73%
India VIX 18.42 18.26 0.16 0.88%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17300 (Open Interest: 6779000, CE LTP: 127.85)
Max OI (Puts) 17000 (Open Interest: 6134000, PE LTP: 33.85)
PCR 1 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY
Nifty has performed really well. Nifty as well as Bank Nifty range is slowly shifting in upward direction. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction & work level by level with strict stoploss.
We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 17/OCT/2022
NIFTY IS UP BY 126 POINTS
Name Price Previous Day Change % Change
Nifty 17312 17186 126.10 0.73%
India VIX 18.42 18.26 0.16 0.88%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17300 (Open Interest: 6779000, CE LTP: 127.85)
Max OI (Puts) 17000 (Open Interest: 6134000, PE LTP: 33.85)
PCR 1 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.